““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”
Take charge of your wine collection
Can’t find where you put that bottle of Chateau Mouton Rothschild? If your wine cellar has evolved from a source of delight into a disorganized source of frustration, it may be time to call Cellar Advisors. Representatives of the firm will arrive at your home anywhere in the world to organize your collection. They’ll set up a detailed wine-cellar-management system, complete with an online database that tracks purchase history, tasting notes and market value. In addition, they’ll help you strategize about ways to enhance the collection. Prices start at $7,000. Info: cellaradvisors.com.
If you are just looking to free up some space, consider Domaine Wine Storage & Appreciation, which can store your wines in secure, temperature-controlled, customized lockers. Domaine will coordinate shipping to and from anywhere in the world and inventory each bottle. Wine professionals own and operate all of the company’s facilities, some of which offer lounges where clients can host private wine-tasting events. Prices start at approximately $550 per year (plus initial fees) for storage of 27 cases. Info: domainewinestorage.com.